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News
18.08.2011
Greenvironment joins forces with Italian Capstone distributor IBT Group
- Expansion of product portfolio
- Strategic sales cooperation with well established Capstone partner
- Short term revenue potential
Berlin, 18th August 2011 - Greenvironment Plc (WKN: A0YEKX / Symbol: GIV) is pleased to announce that it has entered into a strategic cooperation with IBT Group (www.ibtgroup.it), based in Treviso, Italy.
IBT was established in 2000 as a firm specializing in developing, proposing, and assisting system integration solutions based on innovative technologies in the field of high efficiency energy generation. The company relies on over 10 years of experience in this field, focusing on both natural and biogas high-tech cogeneration and trigeneration services based on microturbines.
The IBT fleet has reached over 120 running microturbines in 2010, mainly providing turn-key solutions for the hospitality sector, retail and industrial facilities, landfills and WWTP, Energy Service Companies (ESCOs), and utilities.
Moreover IBT has an extensive experience in the field of cooling technologies, including absorption chillers, centrifugal chillers and HVAC applications. Thanks to a commercial agreement with the South-Korean company Century Corporation, IBT exclusively markets these products in Europe throughout its subsidiary IBT EUROPE GmbH based in Klagenfurt, Austria.
Both companies are long-term Capstone distributors having their own expertise areas - Greenvironment especially on power plant control & monitoring and IBT being strong on Combined Cooling Heat & Power (CCHP) solutions. The cooperation enables both companies to provide each other’s technology to their respective end customers. Greenvironment will immediately start marketing IBT’s products on its core markets and will combine them as part of its product offering where applicable.
Ilario Vigani, Founder and President of IBT Group, states: "This cooperation is a good example of true win-win. The companies’ excellent know-how and joint expertise will provide first-class CHP and CCHP solutions to a wider range of customers. We will benefit from each other’s know-how as we are working with similar technologies and have not been competing against each other’s anywhere so there’s really no overlapping of the businesses. We are really looking for the fruits of this cooperation to arrive shortly.”
Matti Malkamäki, CEO of Greenvironment Plc, said: "Decentralized CHP business is developing fast. Instead of standard heating boilers customers are seeking more and more for CHP’s and even for CCHP’s or other more developed forms of power plants. Through this cooperation we can really offer more integrated solutions for our valued customers throughout our market. We see a lot of potential for this cooperation already in the very near future.”
About Greenvironment
Greenvironment is a European company active in the decentralized energy generation market which plans, builds and operates cogeneration heat and power plants (CHP). The company offers CHP plants in a power range of 30 kWel to 4 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas. Greenvironment is an important distribution and technology partner of Capstone Turbine Corp. (Nasdaq: CPST), the world-market leader in the production of microturbines.
Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP plants are operated by a highly efficient centralized process management system at the operations centre in Berlin. See also: www.greenvironment.com.
For further information:
Matti Malkamäki
CEO Greenvironment Plc
Tel.: +49 (0)30 311 6712 30
Fax: +49 (0)30 311 6712 59
E-Mail: IR@greenvironment.com
LEGAL DISCLAIMER
This publication serves information purposes only and constitutes neither an offer to sell nor a solicitation to buy any securities of Greenvironment Plc. This press release contains forward-looking statements based on the beliefs of Greenvironment management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Greenvironment as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Greenvironment disclaims any intention or obligation to update these forward-looking statements.
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- Strategic sales cooperation with well established Capstone partner
- Short term revenue potential
Berlin, 18th August 2011 - Greenvironment Plc (WKN: A0YEKX / Symbol: GIV) is pleased to announce that it has entered into a strategic cooperation with IBT Group (www.ibtgroup.it), based in Treviso, Italy.
IBT was established in 2000 as a firm specializing in developing, proposing, and assisting system integration solutions based on innovative technologies in the field of high efficiency energy generation. The company relies on over 10 years of experience in this field, focusing on both natural and biogas high-tech cogeneration and trigeneration services based on microturbines.
The IBT fleet has reached over 120 running microturbines in 2010, mainly providing turn-key solutions for the hospitality sector, retail and industrial facilities, landfills and WWTP, Energy Service Companies (ESCOs), and utilities.
Moreover IBT has an extensive experience in the field of cooling technologies, including absorption chillers, centrifugal chillers and HVAC applications. Thanks to a commercial agreement with the South-Korean company Century Corporation, IBT exclusively markets these products in Europe throughout its subsidiary IBT EUROPE GmbH based in Klagenfurt, Austria.
Both companies are long-term Capstone distributors having their own expertise areas - Greenvironment especially on power plant control & monitoring and IBT being strong on Combined Cooling Heat & Power (CCHP) solutions. The cooperation enables both companies to provide each other’s technology to their respective end customers. Greenvironment will immediately start marketing IBT’s products on its core markets and will combine them as part of its product offering where applicable.
Ilario Vigani, Founder and President of IBT Group, states: "This cooperation is a good example of true win-win. The companies’ excellent know-how and joint expertise will provide first-class CHP and CCHP solutions to a wider range of customers. We will benefit from each other’s know-how as we are working with similar technologies and have not been competing against each other’s anywhere so there’s really no overlapping of the businesses. We are really looking for the fruits of this cooperation to arrive shortly.”
Matti Malkamäki, CEO of Greenvironment Plc, said: "Decentralized CHP business is developing fast. Instead of standard heating boilers customers are seeking more and more for CHP’s and even for CCHP’s or other more developed forms of power plants. Through this cooperation we can really offer more integrated solutions for our valued customers throughout our market. We see a lot of potential for this cooperation already in the very near future.”
About Greenvironment
Greenvironment is a European company active in the decentralized energy generation market which plans, builds and operates cogeneration heat and power plants (CHP). The company offers CHP plants in a power range of 30 kWel to 4 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas. Greenvironment is an important distribution and technology partner of Capstone Turbine Corp. (Nasdaq: CPST), the world-market leader in the production of microturbines.
Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP plants are operated by a highly efficient centralized process management system at the operations centre in Berlin. See also: www.greenvironment.com.
For further information:
Matti Malkamäki
CEO Greenvironment Plc
Tel.: +49 (0)30 311 6712 30
Fax: +49 (0)30 311 6712 59
E-Mail: IR@greenvironment.com
LEGAL DISCLAIMER
This publication serves information purposes only and constitutes neither an offer to sell nor a solicitation to buy any securities of Greenvironment Plc. This press release contains forward-looking statements based on the beliefs of Greenvironment management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Greenvironment as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Greenvironment disclaims any intention or obligation to update these forward-looking statements.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5754J93">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5754J93</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.